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ICPC accuses SEC staff of N4.4m contract fraud

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June 24 (THEWILL) — The Independent Corrupt Practices and Other Related Offenses Commission (ICPC) has docked Securities and Exchange Commission (SEC) staffer Oleghe Nelson for allegedly receiving bribes -wine of 4.4 million naira from entrepreneurs.

A statement from CIPC spokesperson Azuka Ogugua said the Commission, in an 8-count indictment filed before Judge M A. Madugu of the High Court of the Federal Capital Territory (FCT), sitting in Bwari , Abuja, accused Nelson of abusing power and giving himself an unfair advantage.

He allegedly had a private interest in the contracts awarded to Del-Fingers Nigeria Limited and Aismozz Ventures by the SEC, thereby committing an offense contrary to sections 12 and 19 of the Corrupt Practices and Other Related Offenses Act of 2000.

In one of the charges, Oleghe allegedly conferred an unfair advantage on himself, when he and a certain Oviosa Lawrence received the sum of N4,410,000 out of the contract amount paid by the SEC to Del-Fingers Nigeria Limited for the supply of two billboards for the Commission.

The accused pleaded not guilty when all the counts were read to him.

His lawyer requested bail, which ICPC lawyers Peace Arocha and Hamza Sani did not oppose.

Judge Madugu, in his decision, granted bail to the accused with two sureties, who must present their passport photographs, proof of tax clearance for the last three years and the sum of 500,000 Naira each.

The trial judge further ruled that the defendant must also present his international passport to the court registry.

The matter was then adjourned to September 14, 2022 for hearing.